$210,000
$250,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
3,396 SqFt
SOLD DATE : 03/25/2024
Key Details
Sold Price $210,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $61
Subdivision Elmwood Park
MLS Listing ID PAPH2256992
Sold Date 03/25/24
Style Traditional
Abv Grd Liv Area 3,396
Originating Board BRIGHT
Year Built 1920
Tax Year 2022
Lot Size 2,048 Sqft
Acres 0.05
Lot Dimensions 20.00 x 105.00
Property Description
Attention Investors and Landlords: Incredible Opportunity in Elmwood Park - 3-Story RM1 Zoned Building Awaits!
- Spacious 3000+ sq ft 3-story building ready for completion and leasing
- Perfectly situated near the bustling corner of Elmwood and 64th
- Legal zoning permits up to 5 units - maximize your rental potential!
- Ground level unit framed out, awaiting MEP's
- Upper 4 units with 2 beds and 1 bath each - just needs finishing touches
- Impressive dimensions of 20' x 102' offer ample space for tenants
- Elmwood Park, a coveted amenity, located just across the street
- Buyer responsible for due diligence and city requirements
- Don't let this lucrative investment opportunity slip away!
Welcome to Elmwood Park, where an incredible investment opportunity awaits you! This 3-story, RM1 zoned building offers over 3000 sq ft of potential rental space, perfect for investors and landlords seeking a profitable venture. Located at the highly desirable corner of Elmwood and 64th, this property enjoys legal zoning for up to 5 units, allowing you to capitalize on multiple income streams.
Currently, the ground level unit is framed out and awaits the installation of MEP's to make it tenant-ready. The upper 4 units, comprising comfortable 2-bedroom, 1-bathroom layouts, have already been drywalled and are eagerly awaiting the finishing touches to make them move-in ready.
Spanning an impressive 20' x 102', this building provides ample space for tenants to enjoy. And as an added bonus, Elmwood Park, a sought-after amenity, is conveniently located just across the street, providing a delightful recreational space for your tenants to enjoy.
Buyers are responsible for conducting their own due diligence and ensuring compliance with city requirements, including U&O and/or city certification. Don't miss out on this golden opportunity to invest in Elmwood Park. Act now and unlock the full potential of this remarkable property!
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 402235901
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition REO (Real Estate Owned)
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Bought with Steven T Hull • RE/MAX One Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "